801 Wadsworth BlvdLakewood, CO 80214

Property Details for 801 Wadsworth Blvd

Year built

2023

Lot size

1.16 AC

Property size (Sq ft)

4,760 SF

Property type

Retail properties

Property subtype

Other car washes

APN

49-023-00-127

APU

4902300127

Description

Exceptional investment opportunity: a 2023-built, 6,439 square foot car wash in Lakewood, Colorado. This single-tenant property sits on a 1.2-acre lot at 801 Wadsworth Blvd, 80214, and boasts a strong 6.50% cap rate with a Net Operating Income (NOI) of $373,622. The property is currently 100% occupied under a 20-year absolute triple-net (NNN) lease with a corporate guarantee from Cobblestone HoldCo LLC, providing significant financial security. The lease includes annual rent increases of 1.50% throughout the initial term and four, five-year renewal options, extending the potential lease term to 40 years. The asking price is $5,748,031, translating to $892.69 per square foot. This property offers significant tax advantages through accelerated and bonus depreciation, qualifying for both 60% bonus depreciation and 15-year accelerated depreciation. The long-term lease, strong tenant, and attractive financial metrics make this a compelling investment opportunity in a prime Colorado location. This sale-leaseback structure provides a passive income stream with built-in growth potential. The property's modern construction and established tenant base ensure a stable and profitable investment for years to come.

Location Insight

City

Lakewood

County

Jefferson

State

Colorado

Latitude

39.729

Longitude

-105.082

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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